International Business Machines Co. (NYSE:IBM) Shares Sold by Donoghue Forlines LLC

Donoghue Forlines LLC cut its stake in shares of International Business Machines Co. (NYSE:IBM) by 64.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,676 shares of the technology company’s stock after selling 11,938 shares during the period. Donoghue Forlines LLC’s holdings in International Business Machines were worth $1,468,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IBM. Hazlett Burt & Watson Inc. grew its stake in shares of International Business Machines by 1,054.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after buying an additional 116 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of International Business Machines during the third quarter worth about $29,000. Avondale Wealth Management grew its holdings in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock valued at $34,000 after purchasing an additional 56 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in International Business Machines during the 2nd quarter worth approximately $36,000. Finally, Modus Advisors LLC acquired a new stake in International Business Machines during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. UBS Group upped their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a research report on Thursday. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein increased their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a “market perform” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has an average rating of “Hold” and an average target price of $220.73.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.07% of the stock is currently owned by company insiders.

International Business Machines Stock Performance

Shares of IBM stock opened at $225.49 on Thursday. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. The firm has a market cap of $208.50 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 4.80 and a beta of 0.74. The stock’s 50-day moving average is $223.60 and its two-hundred day moving average is $211.90.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 earnings per share. Analysts predict that International Business Machines Co. will post 10.16 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th were paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Tuesday, November 12th. International Business Machines’s dividend payout ratio is presently 97.23%.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.